Market Trading Guide: Suven Life Sciences among 2 stock recommendations for Friday

Indian markets ended higher as easing tensions around the Strait of Hormuz pushed crude prices lower, while dovish remarks from the Fed Chair reinforced expectations of moderating inflation and a supportive global rate environment. Going forward, analysts say the market direction will be driven by the US non-farm payrolls data, the developments from the India–Japan summit, and the incoming Q1FY27 earnings results.

Here are two stock recommendations for Friday

NDR Auto - Buy | Buying Zone: Rs 891 | Stop-loss: Rs 834 | Target: Rs 998


NDR Auto Components has delivered a decisive breakout above its recent consolidation range, signalling the resumption of its bullish trend after a prolonged base formation. The stock is trading above all key moving averages, with the short-term averages positioned above the medium- and long-term averages, indicating strong underlying trend strength and sustained buying momentum.

Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio

Suven Life - Buy | Buying Zone: Rs 298 | Stop-loss: Rs 280 | Target: Rs 335

Suven Life Sciences has delivered a decisive breakout above a long-term horizontal resistance zone, confirming a significant trend reversal after an extended period of consolidation. The stock is trading firmly above its key short-, medium-, and long-term moving averages, reflecting strong price strength and improving market sentiment.

Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)